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[QUOTE]Originally posted by glassman: [QB] LOL.. you don't see what's happening do you? the government is continually publishing low inflation and good job growth numbers. meanwhile? disposable income from consumers is not just disappearing, it's gone. the figures are clear. we have a negative savings rate since '05, we have housing prices declining, and we have a larger spread between avg income earners and the top 10 percent earners than we have had since, well, the 1920's... and if you look hard? you'll find all kinds of other commonalities in the US economy with the 1920's... you like charts right? compare them... they called the 20's the roaring 20's because they threw caution to the wind and that's what's going on now. Bush and Cheney's economic policies are setting US up for long-term problems. and they've done this intentionally. i am not predicting a depression here. what i am suggesting is a long drawn out economic crisis for America's middle class. here's the Cheney interview: this statement should make Dems happy, cuz the last time i heard an answer like this? it was Daddy Bush facing Bill in 92... [b]KUDLOW: You were talking before about the success of the tax cuts and so forth. On the campaign trail, many Democrats, Senator Clinton in particular, have said two things. Number one, middle class has not participated in this economic boom. She calls it a middle class trap door and says that wage inequality is the worst it's been since 1929. Do you have a response to those charges? Mr. CHENEY: Yeah, I don't agree with it. I think that analysis is wrong. I think we've added well over 8 million jobs since the recovery took off some four years ago. We have seen a significant economic expansion underway now for 40 some months. It's been, I think, a very successful economic policy. And the suggestion that somehow there are hard times out there, I just--I just think is a misstatement. [/b] http://www.cnbc.com/id/21492823/site/14081545/page/3/ [/QB][/QUOTE]
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